Frydenberg challenges corporate Australia to rein in share buybacks and dividends

Frydenberg challenges corporate Australia to rein in share buybacks and dividends

Treasurer Josh Frydenberg will challenge corporate Australia to end the proliferation of special dividends and share buybacks as part of a new productivity push aimed at giving a $3000 annual lift in worker wages.

In an intervention that risks irritating corporate heavyweights and investors, the Treasurer will suggest boardrooms that prioritise short-term shareholder returns above long-term investments are hurting national productivity rates and warn changes are needed if Australians are to "continue to make our own luck".

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To this pilgrim, its an acknowledgment that trickle down doesnt work.


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